Global ship recycling tonnage falls by half in 2022

Bangladesh, Pakistan see steepest decline in volumes. Currency volatility keeps buyers away. Turkey quake may impact volumes this year. Indian shipbreakers seen opting for greener methods.

Morning Brief: Global ship recycling activities fell into choppy waters, diving down a steep 49% in 2022, reveals SteelMint data, against a 14% increase in 2021. Total tonnage scrapped last year amounted to 3.19 light displacement tonnage (LDT) against 6.27 LDT in 2021. LTD refers to the weight of a